Europe

AlixPartners, the restructuring adviser, has been chosen by the government’s appointed commissioner, Ante Ramljak, for the restructuring of the debt-ridden Croatian food company Agrokor, according to a statement from the company.

After a six year absence Royal Bank of Scotland could be set to issue its first covered bond in euros and has mandated leads for roadshow with a view to issuing a euro or sterling benchmark, or both.

Coventry Building Society returned to the sterling senior market for the first time since 2010 on Wednesday, capitalising on strong issuance conditions following the first round of the French presidential election.

A longstanding managing director in JP Morgan’s leveraged finance team in London has left the bank to join a Czech power company as CFO, based in Prague.

Credit Bank of Moscow (CBM) is released price talk for its first Basel III compliant additional tier one (AT1).

Swedbank took advantage of strong market conditions to issue its second covered bond of the year which was priced with a negligible concession and extended its curve.

Turkey’s Ziraat Bank cut through questions about its ownership within Turkey's new sovereign wealth fund to print $600m at no extra cost on Tuesday.

Crédit Agricole issued the largest covered bond in three months, and despite pricing through OATs, it attracted the biggest order book in more than two years for a deal of this size.

Credit Suisse beat analysts’ expectations and posted a net profit in the first quarter of 2017, while the bank finally ended uncertainty about its capital position, and the possible IPO of its Swiss unit, by announcing plans for a Sfr4bn rights issue.

Santander’s Brazilian operations were behind a 14% increase in the group’s attributable profit for the first quarter, with the UK arm also rebounding from a weaker 2016.

Russian coke and iron producer Industrial Metallurgical Holdings (Koks) emerged with pricing on Thursday for a new five year dollar note.

Russian corporates are once again at the forefront of issuance in emerging market bonds, raising $1.8bn already this week. With KoKs and Credit Bank of Moscow out with guidance on Wednesday, April is set to be a golden month for Russian issuers.